Richard Gomez, of NYC, Allegedly Sold Private Securities Offerings without Approval from Legend Securities
Have you invested your hard-earned cash with Richard Gomez of New York City? If so, the Peiffer Wolf Carr & Kane securities lawyers are currently investigating Richard Gomez’s alleged unsuitable recommendations.
Specifically, FINRA alleges that, from June 2011 to November 2011, Gomez allegedly sold at least $499,000 in investments in two different purported investments, Praetorian Global Fund and US Coal Corporation, Inc., according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Joe Peiffer and James Booker.
FINRA further alleges that the Praetorian Global Fund (sold as Praetorian G Power IV, V, and VI) was allegedly a fraudulent scheme wherein the fund supposedly invested in pre-IPO (initial public offering) shares of Facebook, Groupon, and Zynga, but in reality the fund manager John Mattera allegedly stole the money, the Complaint further details.
Richard Gomez Allegedly Failed to Conduct Proper Due Diligence Before Recommending the Praetorian Global Fund to Clients and also Failed to Uncover John Mattera’s Extensive Criminal Record
Richard Gomez allegedly failed to conduct proper due diligence before recommending the Praetorian Global Fund to clients and also failed to uncover Mattera’s extensive criminal record, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and James Booker.
Based on the aforementioned conduct, FINRA’s Department of Enforcement initiated said disciplinary proceeding against Gomez for fraudulently making material misrepresentations and omissions in recommending securities, the Complaint notes.
The Second Cause of Action alleges that Gomez violated NASD and FINRA Rules by allegedly making recommendations of securities without having a reasonable basis for believing that the securities were suitable for his customers, and finally that Gomez allegedly violated NASD and FINRA Rules by participating in securities transactions for compensation without providing notice to and receiving written permission from his firm, according to the Complaint.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of unsuitable recommendations, and are currently investigating Richard Gomez’s alleged unsuitable recommendations. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Richard Gomez’s alleged unsuitable recommendations are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane attorneys, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.